Delisting

Crown Electrokinetics (CRKN) will voluntarily delist from the Nasdaq due to non-compliance with minimum bid price requirements, following a trading suspension on March 5, 2025. The company plans to file a Form 25 with the SEC. While Nasdaq planned to file the form, CRKN opted to initiate the delisting process. The move raises questions about the company’s financial health and future trajectory, potentially leading to restructuring or alternative funding avenues. Trading may continue on the OTC market.

BP Prudhoe Bay Royalty Trust will not distribute a dividend for the quarter ending June 30, 2025. This is due to negative Per Barrel Royalty calculations, driven by low WTI prices and high costs. The Trust ceased operations on December 31, 2024, and its units will be delisted from the NYSE and commence trading on OTC Pink on July 1, 2025, facing reduced liquidity. All operations are now in the process of winding down.

Lipella Pharmaceuticals Inc. is delisted from the Nasdaq Capital Market due to rule violations regarding private placement transactions. The delisting, involving the issuance of convertible preferred stock and warrants, led to the suspension of trading. While disappointed, the company is exploring alternative markets, remains focused on its clinical development plans for LP-10 and LP-310, and is pressing forward with its mission to address unmet medical needs.

LeddarTech Holdings Inc. (LDTC), an AI-powered software firm in the ADAS/AD space, will be delisted from Nasdaq on June 24, 2025. The delisting follows the company’s announcement of filing under the Bankruptcy and Insolvency Act (Canada). The company’s board of directors has resigned, and the company does not plan to appeal the decision. Further details on the BIA process will be released via Raymond Chabot Inc.’s website.

Shoal Point Energy (SHP) clarifies its operational costs, exceeding $100,000 annually for CSE listing, including legal, accounting, and auditing expenses. The company faces potential regulatory actions, including a Cease Trade Order and delisting, if it fails to comply. Simultaneously, Shoal Point is engaged in a $483 million lawsuit against the Newfoundland government over alleged expropriation of oil and gas assets.